Oil hits three-week lows as Greek crisis worsens; eyes on Iran
week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. on the Greek jitters, but it later retreated, limiting the downside for oil. A softer dollar makes commodities priced in the greenback more affordable for holders of other currencies. Brent crude futures LCOc1 settled down $1.25, or almost 2 percent, at $62.01 a barrel, its weakest finish since June 5. U.S. ...
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